New Oriental Education & Technology Group Inc. (NYSE: EDU/9901.SEHK) released unaudited results for the first fiscal quarter ended August 31, 2025. Total net revenues reached US$1,523.0 million, reflecting a 6.1% year-over-year increase. Operating income rose 6.0% to US$310.8 million, while net income attributable to New Oriental stood at US$240.7 million, a 1.9% decrease from the same period last year. According to the company, non-GAAP operating income grew 11.3% year over year to US$335.5 million.

The announcement indicated a focus on cost control and operational efficiency alongside disciplined capacity expansion. New business initiatives contributed to revenue growth, while overseas test preparation and study consulting saw modest year-over-year increases. The company reported a net operating cash inflow of US$192.3 million. Cash and cash equivalents totaled US$1,282.3 million, supplemented by US$1,570.2 million in term deposits and US$2,178.1 million in short-term investments.

The board approved an ordinary cash dividend of US$0.12 per common share (or US$1.2 per ADS), to be paid in two installments, and a new share repurchase program of up to US$300 million over the next 12 months. For the second quarter of fiscal year 2026, total net revenues are projected between US$1,132.1 million and US$1,163.3 million, indicating a 9% to 12% year-over-year increase. Full-year revenue guidance for fiscal year 2026 remains at US$5,145.3 million to US$5,390.3 million, or a 5% to 10% increase compared to the prior fiscal year.